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10 Grant Application Mistakes Entrepreneurs Must Avoid in 2025
Learn the top mistakes entrepreneurs make in grant applications and how to improve your chances of success Introduction Securing funding through grants can be a game-changer for entrepreneurs looking to grow their businesses. However, the process is highly competitive, and even minor mistakes can cost you a valuable opportunity. Understanding the grant application mistakes entrepreneurs must…
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#financial freedom strategies#Grant application mistakes entrepreneurs must avoid#Mindset for success#Self-improvement habits#wealth building techniques
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Atomic Grants for Women’s Small Businesses: Unlocking Opportunities for Female Entrepreneurs
In the dynamic world of entrepreneurship, securing funding is one of the biggest challenges, especially for women-led small businesses. Atomic grants are transformative resources that can empower female entrepreneurs by providing the financial support needed to build, grow, and scale their businesses. This article explores the best opportunities, eligibility criteria, and strategic tips for obtaining these grants.
What Are Atomic Grants for Women?
Atomic grants are specialized financial awards aimed at supporting women entrepreneurs who are driving innovation and addressing challenges within their industries. These grants are non-repayable, meaning recipients don’t have to worry about repayment, making them an attractive option for small business owners looking for seed capital or funding to expand operations.
Why Are Atomic Grants Important for Women Entrepreneurs?
Bridging the Funding Gap: Studies show that women-owned businesses receive less venture capital funding compared to their male counterparts. Atomic grants help level the playing field.
Encouraging Innovation: These grants often reward businesses that demonstrate creativity, social impact, or solutions to pressing societal issues. Atomic Grants for womens Small Business
Top Atomic Grants for Women’s Small Businesses
1. Amber Grant for Women
The Amber Grant was established in 1998 to honor the memory of a young woman with entrepreneurial dreams. It awards $10,000 every month to one deserving woman entrepreneur, with an additional $25,000 annually for one exceptional business.
Eligibility: Open to women business owners in the U.S. or Canada.
How to Apply: Submit a straightforward application describing your business, goals, and plans for utilizing the grant.
2. Tory Burch Foundation Fellowship
The Tory Burch Foundation Fellowship offers a unique mix of funding, mentorship, and networking opportunities. Fellows receive a $5,000 grant to support their businesses and access a powerful network of female entrepreneurs.
Eligibility: Women entrepreneurs operating in the U.S. with an early-stage business.
Benefits: Includes a one-year fellowship program, leadership development, and business support.
3. IFundWomen Universal Grant Application Database
IFundWomen connects women entrepreneurs with a variety of grant opportunities tailored to their industry, location, or stage of business growth.
Eligibility: Open to all women entrepreneurs globally.
Unique Feature: The platform automatically matches you with relevant grants when you register.
4. Women-Owned Small Business (WOSB) Federal Contracting Program
This program enables women-owned businesses to compete for federal contracts in industries where they are underrepresented.
Eligibility: Must be a certified women-owned small business in the U.S.
Benefits: Access to exclusive government contracts and growth opportunities.
How to Apply for Atomic Grants
1. Identify the Right Grant
Research grants that align with your business’s mission, industry, and stage of development. Consider using grant databases or networking platforms for women entrepreneurs.
2. Craft a Compelling Proposal
A strong grant application should clearly articulate:
Your business’s mission and vision
The problem your business addresses
How the grant funding will be used to achieve measurable outcomes
3. Highlight Your Unique Value Proposition
Explain what sets your business apart. Whether it’s innovation, community impact, or sustainability, your value proposition should resonate with the grant’s purpose.
4. Seek Professional Assistance
Consider working with grant writers or consultants to refine your application and increase your chances of success.
Common Mistakes to Avoid When Applying for Grants
Failing to Meet Eligibility Requirements: Ensure you thoroughly review the grant’s criteria before applying.
Generic Applications: Tailor your proposal to the specific goals of the grant program.
Missing Deadlines: Mark important dates and submit your application well before the deadline.
Ignoring Reporting Requirements: Some grants require recipients to provide progress updates or financial reports—factor this into your planning.
The success stories of women entrepreneurs who benefit from the atomic grants include:
1. Sustainable Clothing Line by Emily
Emily had an atomic grant to start her eco-friendly clothing line. The capital allowed her to invest in more sustainable materials and increase production capacity. Therefore, currently, the business flourishes in the local and international markets.
2. Priya's Tech Start-up
Priya's AI-powered healthcare app was developed with an automated system that would improve the outcomes of patients. She was able to improve her technology and was able to hire top individuals in the field, transforming her start-up into a market leader within two years after receiving her grant.
Support of Women-Owned Businesses in Broader Perspective
Grants support women entrepreneurs, but not just the business; it travels beyond the businesses, establishing ripples through communities. Up to 90 percent of the dollar income goes into the lives of women, transforming them and creating social and economic change.
Basically, Atomic grants are flaming swords in the hands of women for financial backing. Choose those select opportunities and write the best application to these women as they would change the destinies of the individual's life as well as of the industry. Yes, if you are ready to step ahead in your entrepreneurial journey, do not hesitate to view such fabulous opportunities on the grants available.
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Global Market Expansion Strategies
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In today’s interconnected world, businesses are increasingly seeking opportunities beyond their domestic markets. The importance of effective global market expansion strategies cannot be overstated, as they not only pave the way for increased revenue but also enhance brand recognition and market share. This article delves into various global market expansion strategies that companies can employ to thrive in international markets.
Understanding Global Market Expansion Strategies
Global market expansion strategies encompass a range of approaches that businesses adopt to enter and grow in foreign markets. These strategies often involve extensive market research, a deep understanding of local consumer behavior, and the ability to adapt products or services to meet diverse market needs. In essence, successful global market expansion strategies help businesses mitigate risks while maximizing potential returns.
1. Market Research and Analysis
The first step in any effective global market expansion strategy is conducting thorough market research. This involves analyzing potential markets to identify trends, customer preferences, and competition. Understanding local cultures, languages, and economic conditions is crucial for formulating a successful entry strategy.
For example, a tech company looking to expand into India must recognize the country’s unique technological landscape and consumer behavior. Understanding local preferences for mobile applications and payment methods can guide product development and marketing strategies. By prioritizing market research, companies can tailor their offerings and avoid costly mistakes.
2. Entering through Joint Ventures and Partnerships
One of the most effective global market expansion strategies is forming joint ventures or partnerships with local firms. Collaborating with an established company can provide valuable insights into the local market, as well as access to established distribution networks and customer bases.
For instance, many Western fast-food chains have successfully entered Asian markets through partnerships with local franchises. This approach allows them to leverage local expertise while adapting their menus to suit regional tastes. Joint ventures can also help mitigate risks, as both parties share the investment and operational responsibilities.
3. Franchising as a Global Expansion Strategy
Franchising has emerged as a popular global market expansion strategy, especially for service-oriented businesses. This model allows companies to expand their brand presence with minimal capital investment. By granting local entrepreneurs the right to operate under their brand, companies can tap into local knowledge and resources.
For example, global coffee chains have successfully expanded in various countries through franchising. This strategy allows them to maintain brand consistency while adapting to local preferences, such as offering region-specific beverages. Franchising is a low-risk strategy that can yield significant returns when executed effectively.
4. Utilizing E-commerce Platforms
In recent years, e-commerce has revolutionized global market expansion strategies. Online platforms provide businesses with a cost-effective way to reach international customers without the need for a physical presence in each market. By leveraging e-commerce, companies can test new markets and gather valuable data on customer behavior.
To successfully implement this strategy, businesses must optimize their online presence for global audiences. This includes translating websites, offering local payment options, and ensuring compliance with international regulations. E-commerce enables businesses to scale rapidly and enter multiple markets simultaneously, making it a cornerstone of modern global market expansion strategies.
5. Adapting Marketing Strategies
Tailoring marketing strategies to suit local markets is crucial for the success of global market expansion strategies. A one-size-fits-all approach often fails, as consumer preferences can vary significantly from one region to another. Companies must invest in localized marketing campaigns that resonate with the target audience.
For example, a global apparel brand may adjust its advertising campaigns to reflect local cultural norms, seasonal trends, and purchasing behaviors. Utilizing social media platforms popular in specific regions can also enhance engagement and brand visibility. By understanding local consumer psychology, businesses can create targeted marketing messages that drive sales and brand loyalty.
6. Regulatory Compliance and Risk Management
Navigating the regulatory landscape is an essential component of global market expansion strategies. Each country has its own set of laws and regulations that businesses must comply with to operate legally. This includes understanding trade laws, taxation policies, and employment regulations.
Effective risk management strategies can help companies mitigate potential challenges associated with global expansion. Conducting risk assessments and developing contingency plans can prepare businesses for unforeseen circumstances, such as economic downturns or changes in local regulations.
7. Building a Strong Supply Chain
A robust supply chain is critical for the successful implementation of global market expansion strategies. Companies must ensure that their logistics and supply chain operations can support international distribution. This involves selecting reliable suppliers, optimizing inventory management, and ensuring timely delivery of products.
For instance, a company expanding into multiple countries may need to establish regional distribution centers to streamline operations. By investing in a strong supply chain, businesses can enhance their operational efficiency and meet customer demands more effectively.
Conclusion
In conclusion, global market expansion strategies are essential for businesses seeking to thrive in today’s competitive landscape. By conducting thorough market research, forming strategic partnerships, leveraging e-commerce, and adapting marketing efforts, companies can successfully navigate the complexities of international markets. Furthermore, understanding regulatory requirements and building a strong supply chain can mitigate risks and enhance operational efficiency.
As businesses embark on their journey towards global expansion, embracing these strategies will not only facilitate growth but also establish a solid foundation for long-term success. The ability to effectively implement global market expansion strategies will ultimately determine a company’s position in the global marketplace, allowing it to compete with industry leaders and innovate continuously.
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UDYAM REGISTRATION CERTIFICATE
UDYAM REGISTRATION CERTIFICATE
UDYAM Registration Certificate
The UDYAM Registration Certificate is a government-issued recognition for India's micro, small, and medium-sized enterprises (MSMEs). It replaces the earlier system of MSME registration and aims to simplify the registration process for businesses. UDYAM, which means 'Enterprise' in Sanskrit, reflects the spirit of entrepreneurship that this initiative supports.
Understanding the Importance of UDYAM Registration
UDYAM Registration holds a pivotal role in the growth and development of small businesses. It provides several advantages, including access to government schemes, financial assistance, and a platform to establish credibility in the market.
Eligibility Criteria for UDYAM Registration
To be eligible for UDYAM Registration, businesses must meet certain criteria, such as investment limits and turnover thresholds. These criteria ensure that the certificate is granted to genuine small businesses.
Steps to Register for UDYAM Certificate
Registration Process
The registration process for UDYAM Certificate is user-friendly and can be done online. It involves providing essential business details and verifying the authenticity of the information.
Required Documents
Businesses are required to submit specific documents to complete the registration process. These documents include proof of business ownership, address, and bank details.
Online Application
The online application system for UDYAM Registration simplifies the process, making it accessible to businesses across the country.
Benefits of UDYAM Registration
UDYAM Registration opens doors to numerous benefits, such as financial assistance, subsidies, and incentives that can significantly boost the growth of small businesses.
Financial Assistance
Registered businesses can avail loans and credit facilities at lower interest rates, easing their financial burden.
Subsidies and Incentives
The government offers subsidies and incentives to UDYAM-registered businesses, making it more attractive for entrepreneurs.
How UDYAM Registration Boosts Business Credibility
UDYAM Registration acts as a mark of credibility for small businesses. It instills trust among customers, suppliers, and financial institutions.
UDYAM Registration vs. MSME Registration
Understanding the key differences between UDYAM Registration and the earlier MSME registration system is crucial for businesses.
Common Mistakes to Avoid During Registration
Several common mistakes can hinder the registration process. Being aware of these pitfalls is essential for a smooth experience.
UDYAM Registration: Digital India Initiative
The UDYAM Registration Certificate aligns with the Digital India initiative, fostering technological advancements in small businesses.
The Impact of UDYAM Registration on Startups
Startups, in particular, benefit from UDYAM Registration as it offers a platform to access government initiatives and investor opportunities.
Challenges Faced by Small Businesses
Despite the advantages, small businesses face certain challenges that need to be addressed for sustained growth.
Success Stories of UDYAM-Registered Businesses
Highlighting real-life success stories can inspire other businesses to opt for UDYAM Registration.
Future Prospects for UDYAM-Registered Enterprises
The future holds promising prospects for UDYAM-registered businesses, with new initiatives and opportunities on the horizon.
Tips for a Smooth UDYAM Registration Process
To ensure a hassle-free registration process, businesses can follow some essential tips.
Conclusion
In conclusion, the UDYAM Registration Certificate is a game-changer for small businesses in India. Its impact on financial stability, market credibility, and growth potential cannot be overstated. Embracing this initiative is a step towards a brighter future for small and micro-businesses.
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IPM Global: Leading Business Immigration Solution Providers
Options for Business-Related Visas and Immigration
The entire modern universe is digital. Today's businesses have access to the finest available talent from around the globe, regardless of their geographical location. As a consequence, there has been a dramatic increase in business immigration interest.
As economic competition increases, an increasing number of once-modest businesses have become household names. As a consequence, organizations across all industries are actively seeking qualified candidates. though, how? How many diverse types of corporate immigration exist? Which business types can benefit from which immigration policies? What must you do first if you desire to participate in one of these initiatives? Following is an exhaustive guide to immigration for business purposes.
Programs for Investment and Startup Assistance
The majority of the business immigration pool consists of investors, business proprietors, and employers in search of qualified employees. Despite the fact that these groups can benefit from business immigration programs (e.g., through easier access to foreign labor or investment opportunities overseas), it is rare to find a program that allows an individual to specifically start a business in the United Kingdom.
The E-1 and E-2 visas are intended for investors who wish to visit the United Kingdom for up to three years. For stays longer than three months, the more complex E3 visa may be necessary. This visa allows the investor to remain in the United Kingdom for up to two years to contribute to the expansion of the business.
Funding Options for Businesses
E-1 and E-2 visas are available for investors wishing to access the United Kingdom temporarily. Applicants who invest up to $200,000 in a U.K.-based business are eligible for the more lenient E-3 visa category, which is ideal for those seeking permanent residency and extended vacations in the country.
Visa for Creators of New Ventures
Perhaps the government issues a large number of visas to entrepreneurs-to-be. The most common visas for expatriates wishing to establish a business in the United Kingdom are the start-up or business visa, the entrepreneur visa, and the long-term employment visa. The former is valid for one year, while the latter can be extended by a total of two years if necessary; however, in the United Kingdom, extensions can only be requested once every five years.
Facilitation for Freelancers
The program for self-employed individuals makes it easy to provide verification of self-employment. Applicants who can provide evidence of being self-employed for at least two years will be eligible. Form 1040NR, the tax return for self-employment, must be filed within 30 days of the application submission.
Immigration for Business: Pros and Cons
Immigration for business-related reasons could be lucrative. Access to highly talented people from around the world and a reduced reliance on UK citizens are two advantages of business immigration to the United Kingdom that are rarely seen with the current methods of entry.
Criteria for Eligibility
Before submitting an application for business immigration, it is crucial to research each program's eligibility requirements. You can utilize this information to make an informed decision. Potential investors must demonstrate that they have a solid business plan, the financial means to make the necessary investment, and a genuine business reason to travel to the United Kingdom.
Methodology and Conditions
Start-up Business owners must apply for an Investor Visa in the United Kingdom through UK Citizenship and Immigration Services. Due to the administration's diligence and rigor, the decision-making process can take up to six months. The UK Department of Labor must grant approval for an entrepreneur visa, but if your business has already achieved success, this should be a straightforward procedure.
Avoiding the Most Common Mistakes
Numerous applicants for business immigration make frequent errors that drastically diminish their chances of acceptance: Avoiding multiple submissions to the same program Incompletion of applications and lack of comprehension of application requirements Avoiding multiple submissions to the same program
Many applicants underestimate the length and complexity of the corporate immigration process. The more time and effort you invest in researching and completing out your application, the better off you will be.
Conclusion
The process of immigration for business owners and executives is a straightforward way to bring in valuable personnel, essential to the success of U.K. companies, and generate employment opportunities; however, it can be dauntingly lengthy, with many steps along the way that may feel overwhelming or insurmountable until one reaches its conclusion. In order to maximize the likelihood of success with global mobility and business immigration, it is essential to properly complete each stage; otherwise, there may be no reward at all!
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What are symptoms that startup going fail?
Introduction
Larby Amirouche is a pioneer in internet marketing and e-commerce, widely respected as an industry leader and trendsetter. Which means that he has valuable insights regarding startups. He knows how important it is to consider a lot of things before entering the business world.
Startup businesses usually succeed if they follow through certain guidelines and strategies that enables the business to grow exponentially. But not all the time, entrepreneurs are lucky to have a striving business. There are factors that hinders them to achieve success. Listed below are some of the general problems young entrepreneurs encounter while starting a business.But before that, let us talk about what startups are all about.
Startup:
A startup or start-up is a company or project started by an entrepreneur to find, develop, and validate a scalable economic model. By its basic form, the usual startup tends to be a small operation, with initial funding from the founders of the business or their friends and families.
In the early stages of the conceptualization, startups have little or no revenue at all in the early stages. They have an idea that they have to develop, test, and market. That takes a considerable amount of time, money. Startup owners have several sources to tap to do a startup:
Traditional funding — the sources included are small business loans from banks or credit unions, government-sponsored small business administration loans from local banks, and grants made by nonprofit organizations and state governments.
Incubators — often incorporated with business schools and other nonprofit organizations, provide mentoring, office space, and seed funding for startups.
Venture capitalists — actively seek out promising startups to bankroll in return for a stake in the company once it gets off the ground.
Reason why a startup fails
There are a couple of reasons why a startup fails. It is not the same for every business but there is general information on why most entrepreneurs fail on the launch of their business. Here are some of them to inform people why it fails and how to avoid failing.
Not knowing your niche and customers:
If a business doesn’t know their niche or even their targeted audience, then it would be the first downfall of a startup. Not knowing the niche or customers leads to disastrous events that would lead to failure. It is critical for owners to be concise and specific on what niche the business should go with.
Knowing the target audience will enable entrepreneurs to anticipate the needs and wants which they can incorporate on the business. Assimilating information gathered can reduce mistakes and can broaden the perspective of the business making it consumer-friendly.
Procrastinating too much:
Brainstorming and procrastinating are two different things. Simply saying, thinking and overthinking are also different from each other. Procrastination won’t be progressive, which is why it should be avoided. Instead, think aggressively on what strategies and tactics one should use to make the business strive.
Procrastinating can also be a cause of competition beating the business on trending campaigns. Wallowing on something especially in a business setup will never be progressive. Focus on the important things and concentrate on how to develop the business in the upcoming weeks. This will ensure the survival of the startup and can lead to a thriving business.
Not knowing what to do next:
Planning the first couple of weeks for a startup is not enough. Thinking ahead of time should be important because when the time comes and the business hits a roadblock, then the owner does not know what to do next. It is critical to have contingency plans for a business in case something went wrong.
A business owner should always know what to do next, may it be a positive or negative outcome because of the problem. Planning and strategizing on what to do after should also be a priority.
Cannot adapt to trends:
If a business is being set up to be hard as a rock and is not applicable to changes because of trends, then it is destined to fail. Change is the only constant thing in this world, especially for startups. An owner who is not ready to adapt in the fast-paced world of business is accountable for its failure. Learning to adapt and consider possibilities is a must if a business wants to succeed and survive during these trying times.
Slow execution of plans
Even if a brand has plans, it is nothing if not executed correctly. For example, a business has 100 plans on how to succeed, yet none of them are being applied for the business. Then essentially, those plans are useless. Without proper execution, plans are just wasted into a mere form of garbage. Which is why it is vital to do the plans accordingly in order for a business to accomplish its goals.
Lack of focus
Focus and concentration is required for a business to triumph. There are a lot of competitions in which some are more focused on others. Reason why some businesses succeed. Without focus, a brand can lose sight of what is important, trending, or what changes should be made to adapt and survive.
Concentrate on revenue
The main reason entrepreneurs are doing startups is for the profit. Businesses are made to make money and revenue, which is why the focal point of business owners should be how to make money.
If owners started planning, strategizing, brainstorming, all the works, yet forgot to account the ROI or return of investment, then it has failed before it started. Prioritize the revenue, and everything else will follow.
Conclusion
It is crucial for entrepreneurs to know these kinds of things for startups. Larby Amirouche knows the early symptoms of failure and has plans that can help businesses strive nowadays. He is considered as a digital marketing expert knowing things even before they are publicized. Think like Larby and the business will grow.
Originally Posted: https://medium.com/larby-amirouche/what-are-the-early-symptoms-that-a-startup-is-going-to-fail-8814bd396520
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Val Morgan Immigration Reviews – vmorgan reviews
https://www.youtube.com/watch?v=qFIrY1Q9m3E
Congratulations to our legal team who has successfully helped another client to get his UK visa approval without interview under the Overseas Business Representative visa program. Our client is #indian national but based in #dubai. He will now travel to the UK to collect his UK Residence Permit card within 30 days and enjoy a few days of Ramadan in the UK. The visa was granted under the Over Business Representative program which will enable him to open a branch office of his existing based business in the UK. Val Morgan Immigration Advisers legal team has helped many Entrepreneurs secure their UK visa by opening a branch office of their existing business or by taking a new business idea to the UK. Please click on the above link to check customer reviews for Val Morgan.
Val Morgan International Immigration are renowned International Immigration Lawyers with offices in London UK, and Dubai UAE who specialize in immigration services to Australia, Canada, New Zealand, United Kingdom and European Countries such as Sweden, Denmark and Portugal.
Val Morgan Immigration Reviews Advisers :
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For many people, immigration is the most common aspect. Most of the students prefer to study overseas while the professionals want to start a business in foreign land. These are just a few reasons for immigrating to another country. It is good to learn that the countries have also increased the intake of educated and skilled labors to meet the needs of the labor market. UAE economy is advanced and features a rich infrastructure. The multi-culture society is the best. Val Morgan Immigration UAE can open the door to success for there are plenty of educational and business opportunities.
Find the best immigration consultant
Val Morgan immigration advisers reviews will give you correct information on the immigration advisers. But, the number of immigration consultants or advisers has increased dramatically due to the rising demand for immigration. To make the entire process of immigration a hassle-free affair, you must stay away from the fraud visa advisers. Look for a registered immigration consultancy firm and choose Val Morgan immigration advisersfrom there. Don’t make the mistake of choosing a freelancing immigration consultant. It is important to check out the background of the adviser, know about the feedback he has received from others
Do not expect bargained rates
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Ask for references
If you have got the names of good advisers, schedule a free interview and ask all the questions you have. Green card residency visa won’t come easily if you do not make a careful choice. Val Morgan immigration advisersreviews can be a vital tool in this respect. If you don’t have the names of the advisers, you may ask your friends and family about the names.
A Val Morgan immigration UAE firm must charge you fixed rates. Get the price estimate in advance to avoid surprises at the later stage. It is important to form a relationship with your adviser and solve your queries from time to time.
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Val Morgan Immigration Reviews
https://www.youtube.com/watch?v=qFIrY1Q9m3E Congratulations to our legal team who has successfully helped another client to get his UK visa approval without interview under the Overseas Business Representative visa program. Our client is #indian national but based in #dubai. He will now travel to the UK to collect his UK Residence Permit card within 30 days and enjoy a few days of Ramadan in the UK. The visa was granted under the Over Business Representative program which will enable him to open a branch office of his existing based business in the UK. Val Morgan Immigration Advisers legal team has helped many Entrepreneurs secure their UK visa by opening a branch office of their existing business or by taking a new business idea to the UK. Please click on the above link to check customer reviews for Val Morgan. Val Morgan International Immigration are renowned International Immigration Lawyers with offices in London UK, and Dubai UAE who specialize in immigration services to Australia, Canada, New Zealand, United Kingdom and European Countries such as Sweden, Denmark and Portugal. Val Morgan Immigration Reviews Advisers : Is your application rejected when applying for UAE immigration? You are not the only one whose profile gets rejected. If you do not take calculated steps, your profile will be rejected. It can happen when you enter wrong information in the application form, choose an inappropriate program for immigration or any other depending on your case. Well, these situations crop up when you choose the wrong immigration advisers. Val Morgan immigration advisers reviews speak how good these advisers are. Since you are not aware of the immigration law, the terms and conditions of moving to another country, your application is bound to get rejected if you avoid services of Val Morgan immigration advisers.For many people, immigration is the most common aspect. Most of the students prefer to study overseas while the professionals want to start a business in foreign land. These are just a few reasons for immigrating to another country. It is good to learn that the countries have also increased the intake of educated and skilled labors to meet the needs of the labor market. UAE economy is advanced and features a rich infrastructure. The multi-culture society is the best. Val Morgan Immigration UAE can open the door to success for there are plenty of educational and business opportunities. Find the best immigration consultantVal Morgan immigration advisers reviews will give you correct information on the immigration advisers. But, the number of immigration consultants or advisers has increased dramatically due to the rising demand for immigration. To make the entire process of immigration a hassle-free affair, you must stay away from the fraud visa advisers. Look for a registered immigration consultancy firm and choose Val Morgan immigration advisersfrom there. Don’t make the mistake of choosing a freelancing immigration consultant. It is important to check out the background of the adviser, know about the feedback he has received from othersDo not expect bargained ratesYou can only get bargained rates if you choose a mediocre immigration adviser. They can prove terrible in the long run. As they have many clients coming to them with all sorts of problems, they can’t give you time. The fact that they charge lower rates, they become a good choice for all. He may even lack experience in certain areas of the law concerning immigration. Check the portfolio of work before making a choice. It is important that you choose a reputed Val Morgan immigration UAE adviser. Don’t be tempted to save a few dollars for the service may be cheap. There may be a lot of delays in the meanwhile.Ask for referencesIf you have got the names of good advisers, schedule a free interview and ask all the questions you have. Green card residency visa won’t come easily if you do not make a careful choice. Val Morgan immigration advisersreviews can be a vital tool in this respect. If you don’t have the names of the advisers, you may ask your friends and family about the names. A Val Morgan immigration UAE firm must charge you fixed rates. Get the price estimate in advance to avoid surprises at the later stage. It is important to form a relationship with your adviser and solve your queries from time to time.
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Lesson learned from failure
“If you don’t have room to fail, you don’t have room to improve and grow” -Jonathan Mildenhall, CMO AirbnB
In early this year, I have failed some so far. The big ones are: failing to secure at 7.5 point band IELTS score at the first try, failing to pass further selection process of Chevening Scholarship, YSEALI Seed Grants and projects application rejection, quiting assignments earlier and so on. Some efforts will never pan out, no matter how much time, money or sweat is injected. For me, it’s always painful and a mammoth challenge to separate my desire to make something work from the reality of the probability that it will work. My failing, of course, is hurt and not fun. It not only imposes the opportunity cost, but also infuses the price of time and money. It’s much more fun to tell the world about our success.
What matters for me is how the failure is dealt with and what is learned from the experience. Once I learn from it, I can improve. Instead of giving up and blaming unwell-preparation or procrastination, I learned how to improve from my failures and weakness. I guess it is the first step to getting on that road would be discovering the ultimate point. The failures can serve as incredible opportunities in disguise. They force us to reevaluate our goals and priorities, and often propel us forward much faster than continued success.
On the most basic level, all improvement comes from failure as learning. If you fail, you have gained important wisdom about what does not work so that you can avoid repeating the same mistakes again. Think of a baby learning to walk. He or she starts out crawling and then falling before finally mastering the skill that as an adult we take for granted. As a child gets older, each new feat, from catching a ball to doing algebra, is learned the same way, by experimenting until you are finally successful. We don’t expect a child to do everything perfectly the first time, either nor should we expect adults who take on complex tasks to get it all right the first time.
I believe that the most powerful improvement comes from experiencing failures as well as success. It is also nearly impossible to learn anything without doing it yourself, by experimenting along the way, and by recovering from inevitable failures. Likewise, we can read as many books on leadership as we want, but until we experience the challenges that face real leaders, we will not fully understand its concepts and never be prepared to take charge.
Fall down seven, stand up eight
Life is not a straight line but a wave with ups and downs. It is often pale. In times of distress, step out of our circle of sadness and narrow mindedness to regain our strength. This is perhaps an exercise to see the good behind the obscured, undefined. This applies to creating breakthrough, job hunting, studying, finding courses of university, building business, being kind, climbing career ladder and most other endeavors.
You’ve discovered that you are not alone. Many of world’s greatest leaders, inventors, entrepreneurs and creators failed multiple time. They became great example because they were able to figure out what they were extremely good at they do and were willing to try again and again for, without giving up.
I’d have to agree with Theodore Rooselvelt, American statesman and the 26th President of the United States, spoke about the importance of standing up in an address he made at the Sorbonne in 1907. He stated:
“There is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly”
That is, the beauty of life is that you stand up taller when you are knocked down. You could continue to push the limits, and are willing to fail forward, you will very likely find success. For the world is built to develop character, and you must learn that the setbacks and grief which you endure help you in your marching onward
The real failure is when you stop trying. That means failure is not failing down, it is not getting up again. You don’t fail when you never give up and your struggle never ends.
Struggle is beautiful because it forces you to move, it brings you no room for sorrow but instead power to think of how things can advance. It gives space, strengthens and enriches us until we meet our “best” – better than our yesterdays, undefeated by our tomorrows.
Fuel failure with grit
Grit in psychology is a non-intellectual trait of having undeniable belief and passion to pursue a long-term goal. It is driving force stronger than perseverance, more powerful than motivation, and more sustainable than drive. Grit is basically having the heart to overcome something no matter what the obstacle or challenge is. It is also the synergy of passion and drive, guided by a clear set of objective and timeframe.
Grit is like a muscle, it has to be exercised daily. If you do, it will grow; ignored, it will atrophy. you have to discover and develop. So, while a key component of grit is resilience, resilience is the powering mechanism that draws your head up, moves you forward, and helps you persevere despite whatever obstacles you face along the way.
Last, but obviously not the least. There is something bigger than just us. It is the prayers that matters and will help us to overcome failure and get there safe and sound. Dealing with failure might take a couple of days, months, or even years to yield the optimum results. But if Allah has willed for it, it will always find its way. “Whosoever stays mindful of God, God will create for him a way out” (QS Ath-Thalaq: 2)
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E-1 Visa Processing Time 2020 | Timeline to Green Card
The United States was built by immigrants who came to this country with an ambitious dream. That tradition is upheld by the foreign entrepreneurs and workers who continue to add rich diversity and economic growth to the U.S. One such contributor is the foreign treaty trader holding an E-1 visa. If you need to know what the E-1 visa processing time is for 2020, then this article is for you.
E-1 Visa Processing Time
Getting an E-1 visa in 2020 requires relatively few steps on account of the fact that qualified applicants can self-petition and do not need an employer or a Labor Condition Application. This means that all you need to do to begin the process is file an I-129 petition with the USCIS. This petition has an average E-1 visa processing time of six months.
Once this petition is approved, your status will automatically change to E-1 status if you are already inside the U.S. However, if you are outside the U.S., you will need to go through consular processing.
This will involve making an appointment at a U.S. consulate or embassy in your home treaty country and attending an interview with a consular officer, which will extend your E-1 visa processing time depending on the consulate or embassy you go to. To see a list of embassies, you can visit the federal website.
Your visa will be granted for an initial period of two years with the opportunity to extend it in increments of two years an indefinite number of times. This, along with the ability to self-petition, makes the E-1 a very advantageous visa.
Premium Processing
If six months is too much time and you need to shorten your E-1 processing time, then it may be best to take advantage of premium processing. Premium processing is an optional service that the USCIS offers to expedite the E-1 visa processing time from six months to 15 calendar days for a fee of $1,225.
If the USCIS fails to process your petition within that time frame after the fee has been paid, then you will be issued a refund of your premium processing fee.
E-1 Visa to Green Card
One thing that many of our clients have asked so far in 2020 is what the E-1 visa processing time is when the end goal is a green card. The E-1 is fortunately considered a “dual intent” visa, which means that holders are able to pursue immigrant status.
However, the amount of time it will take for you to go from your E-1 visa to a green card will depend not only on the type of green card you are applying for but also which country you hold your citizenship. There are three main kinds of green cards available to you: family-based, employment-based, and investment-based.
Assuming that you apply for the employment-based green card, the first step after getting your E-1 visa will be to find an employer to sponsor you. The only green cards that do not require a sponsor are the EB-1A, EB-2 with a National Interest Waiver, and EB-5 investor green card.
Your sponsoring employer will then need to obtain a PERM Labor Certification on your behalf. This can take anywhere from eight months to a year and a half depending on whether or not your employer receives an audit.
Once you have a PERM, your employer can then file an I-140 petition. When the USCIS receives your petition, that date is your priority date. You will need to wait until your priority date matches or passes the final action dates given by the Department of State’s monthly visa bulletin in your category. This section of the processing time varies the most and can range from no wait time at all to several years.
Note: you will be able to use premium processing for your I-140 petition. However, if your priority date will not be current for some time, this feature may or may not be advantageous to your case.
After your priority date is current, you can submit an I-485 application to transfer your status to legal permanent resident. All told, while the E-1 visa processing time is relatively short, the E-1 to green card processing time can be much longer. Because this time varies heavily depending on the kind of green card you pursue, it is best to work alongside your immigration attorney to determine what you can expect.
What is the E-1 Visa?
The E-1 visa is for traders that hold nationality in foreign treaty countries. A treaty country is any country that maintains a treaty of commerce and navigation with the U.S. To see a full list of the current treaty countries, you can visit the official website. An E-1 visa may also be granted to the employees of treaty traders if they fulfill the requirements.
What are the Requirements?
In order to qualify for an E-1 visa, you must fulfill the following requirements:
You must be a national of a treaty country. However, you do not need to be currently residing in a treaty country in order to qualify.
You must perform either “substantial trade” and “principle trade” in the U.S.
Substantial Trade: this is when there is enough trade occurring between the U.S. and your treaty to ensure a continuous flow. There is no official minimum for this. Consult with your immigration attorney to learn whether your trade is considered substantial.
Principal Trade: this is when at least 50% of the volume of your trade occurs between the treaty country and the U.S.
The USCIS defines “trade” as “the international exchange of items of trade for consideration between the United States and the treaty country. Items of trade include but are not limited to:
Goods
Services
International banking
Insurance
Transportation
Tourism
Technology and its transfer
Some news-gathering activities”
It is important to note that this list is not exhaustive. If you feel as though your trade qualifies and it does not appear on this list, work with your immigration attorney to learn if you qualify.
If you are applying as the employee of a treaty trader, you must:
Be an employee by the law of the state that you wish to live in.
Have the same nationality as the treaty trader employer
Be able to prove that you will be a supervisor or otherwise have special qualifications that necessitate your presence in the U.S.
Once the E-1 visa is granted the treaty trader and his or her employees must continue to perform the trade that they were approved for initially.
How Our Immigration Attorneys Can Help
Knowing whether you qualify, what evidence to submit, and what to expect from the E-1 visa processing time in 2020 is extremely difficult without the help of an experienced immigration lawyer. Just like any big legal decision, it always helps to have an expert guide you to help avoid costly mistakes.
Here at our office, we specialize in employment-based visas and green cards. Whether you are a treaty trader or the employee of a trader, our lawyers will work alongside you to make sure that the right evidence is submitted, any Requests for Evidence are addressed, and that you get the shortest E-1 visa processing time possible.
To get in touch with one of our attorneys, you can complete our contact form and fill in the details of your case so we can schedule your consultation.
The post E-1 Visa Processing Time 2020 | Timeline to Green Card appeared first on SGM Immigration Law Group.
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Ten tips to boost your company's financial profitability
1 - stick to your strategy
"Many companies start or move forward without any strategy. To build a profitable business, the first rule is to define a well thought out strategy ... and then stick to it! too many entrepreneurs back off and change course when the chosen policy does not bear fruit immediately.
After working for a few years in large auditing and accounting groups, Thierry Denjean chose to stand on his own two feet. In 1992, he created his structure, Denjean & Associés. Twenty years later, it has 70 employees and stands out for its excellent performance. Denjean & Associés is thus ranked the third most profitable French accounting and auditing firm by the journal La Profession Computable.
The latter, on the pretext that they find it difficult to sell to large companies which were their preferred target, decide, for example, to turn to SMEs. Or, they abandon their international development strategy as soon as they face unexpected complications ... It is a mistake: if you defined a sound policy at the start, there is no reason to change it. Experience shows that a good strategy always ends up paying off. So persevere! "
2 - Offer quality
"It is impossible to build a profitable business in the long term by adopting a policy focused on a low-cost strategy. A business which, in order to stand out, essentially priced below market prices can be competed by any structure established in a low-cost country; and as the products or services it offers are standard products or services, its customers will instantly drop it in favor of the first new entrant aligning more competitive prices.
Morality, whatever your activity, quality is your only real asset against the competition. If you are obsessed with providing quality products or services, you will see the benefits on the bottom line of your income statement! "
3 - Be obsessed with the margin
"Today, almost all business leaders are obsessed with the growth of their turnover. This can be explained for several reasons. First, for a manager, it may seem more rewarding to be at head of a company whose turnover increases from one year to the next. Then, with a growing activity, the company has the means to occupy its teams and to avoid the specters of partial unemployment and To these factors is added the pressure from the banks: the bankers do not appreciate that a company presents annual accounts with a turnover identical to that of the previous financial year, or even in decline ...But let's say it loud and clear: these are fallacious arguments by which entrepreneurs must not be trapped. Because what should obsess you is not your turnover, but your margin! In other words, you must imperatively focus on generating only high margin turnover. To this end, you must regularly review your client portfolio, to verify that each one brings you sufficient profitability . If you don't make enough money with this or that client, tell them clearly, and tell them that you cannot continue working under these conditions. He refuses to pay more? Do not procrastinate and end your commercial links ...
I recommend repeating the analysis of your client portfolio every six months, and even each quarter if possible. "
4 - Outsource your IT
"IT is a job with which you can lose a lot of money without realizing it. Why? Because a manager has the impression that he knows a little about the information system of his company, which "He will be able to get hardware and software at low cost and that he will easily control his expenses if IT is managed internally. This is what I myself have long thought ... wrong!
Indeed, by carefully studying the IT outsourcing market, you realize that using a service provider is less expensive than having an IT department in the company. On the condition of agreeing to spend time to define its objectives and needs, to make a call for tenders, to receive service providers, to compare their proposals, and to negotiate the rates ... But the game is worth it the candle. At Denjean & Associés, we led this process three years ago, and since then, our IT expenses have been divided by four! In addition, our information system has gained in security and reliability: unlike what happened before, it is never broken down again. In short, we have won everything in this outsourcing. Money,
5 - Develop telework
"Today, in companies, people work poorly. Everyone is constantly subject to requests that prevent them from concentrating: phone calls, meetings, colleagues who come to chat or offer to go for a coffee, superiors hierarchical eager to take stock of a file, etc. If you add up these different elements, and add to it the fatigue caused by journeys between home and the workplace, you get ... One of the solutions to solve this problem is to set up an organization giving way to telework.This must be organized between the parties with the full agreement of the employees: in no case may an employee be forced to work remotely.
In addition, the employer must bear the cost of the computer station and the means of communication set up between the employee and the company. The aim of teleworking is not to transfer certain costs from the company to the employee, but to allow the latter to work in better conditions and more efficiently! In our practice, we test this system with some of our collaborators who work partially at home, one or two days a week. This organization allows them to take advantage of the advantages of telework while preserving their link with the company. Now, we are in the reflection phase with the staff representatives with a view to offering the same possibility to all our employees. "
6 - Optimize your training budgets
"Each year, all companies must contribute to the national training effort by paying a certain percentage of their payroll to an approved joint collecting body (Opca). This, all SME managers know. What they do not know is that by doing well they can get a great profit from their contributions for training.
In fact, the law stipulates that, in return for its payments, the company has the right to finance training actions for its employees on an equal basis. However, each year, very many SMEs contribute without using their funding rights and the Opca find themselves with surplus funds that are just waiting to be granted ... Thus, an SME manager who makes himself known to his Opca and establishes a relationship of trust and partnership with their training advisor can finance the training actions of their employees beyond the funds they have paid!
We recommend that companies present their training plan to the advisor of their OPCA each year . If the amount of this plan exceeds their annual subscription, this is an opportunity to request an additional budget! In general, the OPCAs present the file to their management and the applicant can obtain budget extensions of up to 50% if the file is reasoned and accepted. This is a huge asset if we consider, as we think, that employee training constitutes a major profitability issue for the company , as a source of both employee motivation and quality of products and services ... "
7 - Build the loyalty of your team
"A team in constant renewal is very expensive. To separate from an employee is expensive, to recruit someone to replace him too. In addition, these movements disorganize the company and discredit it vis-à-vis its customers. D where the importance of building employee loyalty. Beyond salary increases, which it is sometimes impossible to grant in an SME, the entrepreneur can use different motivation tools. To start with the participation and the profit-sharing of which the employees are very fond. They also greatly appreciate being offered professional training that will increase their employability: language courses, learning business software, training in career management ... Finally, all the initiatives that the manager can take to create a good atmosphere in the company are welcome! "
8 - Place your cash well
"SME managers believe that their company's treasury is bound to remain in a bank account or to be placed in a cash Sicav. This is false! Any business - with the possible agreement of its shareholders - has the right to invest its cash surpluses in off-the-beaten-track financial vehicles. If our firm generated high profitability in 2011, it is mainly because we have collected substantial financial income by placing our cash in a portfolio of bonds of large companies. I advise any SME that has a mattress of cash to place a portion on these bonds, which present almost no risk and easily earn 5% per year! "
9 - Surround yourself with advice
"Being a chartered accountant, I could consider that I am sufficiently informed to make decisions alone. But five years ago, I wanted to do without the services of a lawyer to solve a complex tax problem and I am I'm bitten on the fingers! Since then, I have realized that when we have specific operations to carry out, resorting to expert advice can save a lot of money. Certainly, the services of a good tax or legal expert business has a cost. But that cost is far outweighed by the savings that a specialist allows you to achieve thanks to his mastery of sophisticated mechanisms that you never knew existed ... "
10 - Meet your competitors
"For fifteen years, I completely neglected to establish and maintain interprofessional relationships in my sector of activity. I thought that meeting competitors during lunches or cocktails could do nothing for me. To know more click here.
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Our co-founder Charles Ouellet (main author) and I just published this piece on our startup blog, and I thought it'd be cool to also share it here! Enjoy :)"I say we go for a full refactoring of the app in React."Our new dev was excited. Green and filled with confidence."This wouldn't be a smart decision," I replied as softly as I could (I didn't want to shut him off too harshly). After all, a part of me did share his enthusiasm. I, too, had read the React docs. I, too, would have loved to play around with it.But another part of me--the one trying to run a successful business--knew better. Our startup's tech stack couldn't be changed on a whim. At least not anymore.As developers, we love trying the new and discarding the old. A few months after shipping code we're proud of, we're quick to trade pride for shame. Amidst the explosion of new frameworks, we struggle not to scratch our refactoring itch.Our industry sure celebrates the new, hip and "latest" across the board. As a business owner, however, I've had to embrace a drabber reality:Successful startups inevitably end up with "boring" tech stacks.Eventually, I explained the ins and outs of this statement to the dev who suggested a React refactor of our web app. Today, however, I want to address this issue in a more structured format.In this post, I'll discuss:How to choose a technology stack for your startup's web appWhy successful businesses end up with "old" tech stacksWhy resisting the urge to refactor makes business senseWhen and how you should refactor your web applicationI'll use our own story at Snipcart to illustrate my thoughts, coupled with actionable insights.Pre-startup daysBefore launching Snipcart, I was leading web development in a cool Québec City web shop. I did mostly client work. The fun part? Trying out new technologies in real life projects. My bosses trusted their engineers, so each project launch meant the opportunity to try fresh stacks. I mostly orbited around the .NET stack, building my first project with ASP.NET MVC (in beta), and another using Nancy, an awesome open source web framework in .NET.A couple years flew by. As my hairline began receding, I knew I needed a change from client work. I wanted to focus on a product. Fellow entrepreneurs inspired me. I knew my experimentation scope would narrow, but I was ready for new challenges. Truly scaling a project, for instance. It may sound buzzwordy, but back then I hadn't had the chance to design a system capable of handling hundreds thousands of simultaneous requests. I decided Snipcart would be that system and began exploring my tech stack options.Choosing your startup's tech stackSay you've gone through your genius "aha" moment, lean canvas & piles of wire-framing. Like every other fledgling startup, you reach the crucial crossroads that is picking your tech stack.Before giving in to the array of shiny logos, blog posts and GitHub stars trying to lure you into The Coolness, take heed of the following advice:1. Pick a technology you're comfortable withThis one's simple, really: do not mess around with stuff you don't already know. Point blank. Keep the glossy new JS frameworks for your 14th personal site/side project, unless you're just shooting for a proof of concept. If you want to build something serious, go for familiarity. Doesn't matter if it's old, boring, uncool, etc. There's no one best technology stack for web applications.In 2013, when I started working on Snipcart, I chose .NET for the backend. Why? Because I enjoyed working in C# and it was the stack I was the most efficient with. I knew It'd allow me to craft something solid.As for the frontend, we picked Backbone. SPAs were relatively new to me, and a colleague had already shipped decent projects with it. Back then (jeez I sound old), options were way more limited. Knockout, Angular, Ember & Backbone were the big players. I had no particularly fond memories of my time with Angular, so I cast it aside.Backbone, on the other hand, was more of a pattern than a framework to me. Sure, you had boilerplate to put together, but after that, it was easy to build on top of it.2. Pick tech stacks supported by strong communitiesIf you're the only developer kicking off the project, this is critical advice. A day will come when you're alone in the dark, staring in utter despair at one senseless error code. When that day comes, you don't want to be roaming through ghost forums and silent chat rooms, believe me.The cool, beta three-month-old framework might not have a rich help structure around it. That's another plus for picking "boring" techs: LOTS of girls and guys have struggled and shipped with them over the years. Like it or not, but documentation and help abound in the ASP.NET realm. ;)3. Make sure your web app stack scalesThe most important scaling choice to make isn't just about how many potential requests you'll handle. By picking a stack you understand, you'll be able to design an application that's easy to build upon. Keep in mind that you won't always be the only one navigating through the codebase. If you're successful, new, different people will be working in the code.So remember:A good tech stack is one that scales faster than the people required to maintain it. [source]In the beginning, I didn't really bother with scaling issues. I was too excited to just ship my own product. So I developed Snipcart the way I would've coded client projects (mistake): a single database & a web app containing everything. Truth is I never expected it to grow as it did. It didn't occur to me that our database could be the single point of failure in our project. I had never encountered such wonderful problems in client projects. So yes, I wish I had thought about scaling earlier! However, refactoring our architecture wasn't too painful since: we had picked technologies we were comfortable with. :)4. Consider hiring pros & consThis one's kind of a double-edged sword.On the one hand, picking a more "traditional" stack will grant you access to a wider basin of qualified developers. On the other, picking cutting edge technologies might attract new, killer talent.Needless to say, I tend to lean towards the former! In startup mode, you can't afford to hire an employee who needs months of ramping up to use a fringe framework. If you plan on quickly scaling the team, this is a key consideration. With Snipcart for instance, most developers fresh out of school had already worked with .NET. This definitely helped for our first hire.However, I'll admit that having a "boring" stack can work against you.For our second hire, .NET put us at a disadvantage: we had found the perfect candidate, who, in the end, decided that our MS stack was a no-go for him. At this point, my tech stack choice cost us a potentially great addition to the team.Like I said, double-edged sword.(Luckily for us, we found a new developer not long ago with solid .NET experience, and he enjoys working with us thus far!)See our SaaS' technology stack on StackShare.Success & sticking to your tech stackLet's fast forward on all the hard work it actually takes to make it and pretend you just did. You blazed through product/market fit, breakeven point, and started generating profits. Your Stripe dashboard finally looks appealing.You're "successful" now. And that probably means:You've been working your ass off for a while--there's no such thing as overnight success.You've been constantly shipping code with the tools you initially chose--and some aren't cool anymore.You've got real, paying users using your platform--read: SUPPORT & MAINTENANCE.See, when you scale, new constraints emerge. Support slows development velocity. Revenue growth means new hires (more training & management) + new expenditures (salaries, marketing, hosting). Profitability becomes an operational challenge.You're accountable to clients, employees and sometimes investors who all depend on your sustained success. As business imperatives trump technical concerns, your priority becomes crystal clear: keeping the company in business. And guess what? Spending hours of time on refactoring your frontend with the latest framework probably won't help you do that.The real cost of refactoring is time not spent fixing bugs, shipping features, helping customers, and nurturing leads. These are the things that'll keep you in business.So the real challenge becomes learning to deal with the technical decisions you've made to get here. Most times, the simple answer is to stick to your stack and focus on the business. Yes, your web application's code may look "old." But you're not alone: big, successful products still run old technologies!Take us for instance: we're still using tech that we could label "old." Backbone is still the "backbone" of our frontend application. No, it's not the coolest JS framework available. However, it works just fine, and a full rewrite would put an insanely costly pressure on operations.Don't get me wrong: I'm not suggesting you avoid refactoring at all cost. Products must evolve, but should do so inside the tight frame of business imperatives. Which brings us to our next point.When does refactoring your web app make sense?Refactoring is part of a healthy dev process and sure brings important benefits: sexier stacks for hiring, better code maintainability, increased app performance for users, etc.As long as refactoring doesn't negatively impact the business, I'm all for it. Like I said, products must also evolve. Just recently, for instance, we began shifting our frontend development to a more powerful framework, Vue.js.What we're doing, though, is progressive refactoring. Tools like Vue are perfect for that: they let you introduce a new tech in your stack without forcing you to throw away existing code. This incremental approach to refactoring has proven successful for us thus far--we did something similar a few years ago when we moved from RequireJS to Webpack. Progressive refactoring is, overall, more costly in development time than a full re-write. However, it doesn't stall business operations, which must remain a priority.When NOT refactoring ends up negatively affecting the business, then you should start considering it more seriously. A few important "time to refactor" flags to lookout for:Parts of the code become impossibly messy or hard to maintainTechnical debt begins manifesting itself through increased support requests & churn rateDeployment, testing & bug fixing are taking longer than they shouldNew developers' time-to-autonomy (shipping in production) escalatesFinding qualified developers to work on your app becomes arduousMaintaining the architecture becomes ridiculously expensiveNote how "let's try a new stack!" and "that code isn't clean enough!" aren't listed here. Or, as Dan McKinley puts it:One of the most worthwhile exercises I recommend here is to consider how you would solve your immediate problem without adding anything new. First, posing this question should detect the situation where the "problem" is that someone really wants to use the technology. If that is the case, you should immediately abort.Technology for its own sake is snake oil.This killer StackExchange answer lists even more refactoring flags you should be sensitive to.BONUS: Where to use all these new technologiesA desire to play with shiny new toys is only natural. It comes with the active curiosity residing in any good developer. At Snipcart, every dev does lots of self-learning. Like many others, we read blogs and try to keep up with latest trends. Of course, we can't use most of these up-and-coming tools in our core project. However, we run a developer-centric blog that covers all sorts of dev topics and tools. For us, this is a perfect playing field for experimentations. It allows us to quench our thirst for novelty, offers value to our community, all without compromising our "money" product!For startuppers, there are a few other areas where using hip tech makes sense:Marketing side-projectsInternal tools (analytics, comms, management, etc.)Marketing website / blogThese are all potent areas where you can experiment and learn new skills and stacks. And they will all benefit your core business. So find the one that works for you!Takeaways & closing thoughtsOuff, long post, heh? Before going back to my startup life, I'd like to leave you with the key takeaways here:Technical decision-making isn't just about technologies--it's mostly about the business.When picking a tech stack, consider: familiarity, community, hiring, scalability.Try as much as possible to adopt a progressive approach to refactoring your stack.Keep an eye out for relevant refactoring flags: development deceleration, talent scarcity, customer frustration.And finally: remember that the best technology stack for startups is your own grey matter. At the end of the day, architecture decisions & craftsmanship will eclipse tech choices.Explore startups & SaaS technology stacks examples on StackShare.io.Originally published on Snipcart's blog.
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What To Learn About A Medical Startup Grant Writing
By Dorothy Wilson
Engaging on a business journey is challenging yet fulfilling. Should an entrepreneur, however, lacks capital and capacity to achieve business goals and success, these might be impossible. In terms of medical industries, its imperative for someone to have money to support all the equipment and tools. Fortunately, there are means which can provide financial backup for some medical resource. A medical startup grant writing Houston is an ideal and useful thing which people could use and consider to receive funds from different individuals, agencies and corporation. But filing for applications could be challenging unless you know exactly what must be done. To provide you an insight, we have presented and provide six important ideas in the following paragraphs. Create a proposal that really works. There are different phases of writing this one in which each phase involves a different procedure and technique you should be aware of. First things first. Decide the recipients to identify the things to write, including the specific approach. Before submitting one, make sure to do necessary reviews to check some errors that need immediate correction. Seek consistent support from different communities. You should seek consultations from the medical politic and education professionals to have support with your proposal. Make writings completely persuasive and interesting as well. State the accomplishments and also the advantages that the place would receive should institutions present constant financial support. Review the created proposals. Needless to say, you need to perform reviews to determine whether there are things to improve, revise and to change. Besides reviewing the work by yourself, consider seeking the advice and opinions of experts too. Since they have the skills, knowledge and experience, its absolutely wise to consult for their help than any random people. Gain idea on how to write and summarize one. There might be numerous of methods when you write a letter. While most starts with a basic greeting, others might directly be on point. Its definitely wise to determine where to start and how to begin to simply guide you on what needs to be written. This could be challenging but with practice, everything would be easier and simpler. Identify the right address. Before you jot down any notes on the significant matters, be sure to determine the location of receivers. Check out all the vital details from the email address, contact info and addresses as well. Ideally, providing the accurate and correct information and detail is absolutely important to avoid any forms of inconsistencies and mistakes that can cause trouble to you someday. Explain all crucial and significant matters. Consider explaining everything in an accurate yet brief and easily comprehensible manner. Mistakes are natural, so do not be afraid about it. Instead, keep on changing everything until you have reached a good and favorable conclusion someday. When you think that writing one seems challenging, hire professionals. They know very well how to manage a task. You simply just have to find someone who can lend you a hand at all times.
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10 Questions to ask your Small Business Accountant
A small business accountant can be a tremendous asset to your business. For this new found relationship to work however, two-way communication is paramount. Ask your small business accountant these 10 questions to better understand your new business partner.
In today’s business world, the relationship between accountants and their clients has changed so dramatically. Accountants play a bigger part in your business success than ever before in history. If you let them, Accountants can become an indispensable resource and partner to your business, advising on a whole range of headaches such as the overall health of your business, HR issues, taking on a new partner or better managing your cash flow. But only if you let them! We are all in search of this new generation accountant to become a perfect fit for our business…
The only way this new found relationship will reach its full potential is when you realize that you have to accept a certain level of responsibility and that you communicate your expectations in advance but also understand fully what will be expected from your business and by when.
We regularly encounter clients that expect ALL communication to come from their accountants. As with all strong and healthy relationships however communication is key and this one-way communicating relationship is doomed from the start unless the other party comes to the table. Many other clients realize the importance of this but don’t really have a frame of reference of what accounting comprises to ask the “right” questions.
So when I came across this article by KIM LACHANCE SHANDROW, it seemed like the exact type of information I had to share with our audience. In the below mentioned excerpt from the original article, Kim discusses the 10 questions every client simply has to ask when working with their small business accountant.
10 Questions to ask your Small Business Accountant
1. What’s the best way to contact you and how often should we be in touch?
This might seem like too simple a question, but clear, effective and frequent communication is the key to a healthy, beneficial relationship with your accountant. Establish early on how often you’ll connect, either in person, on the phone or online (via a video chat app like Skype, Google Hangouts or Facetime). Decide together if you’ll meet weekly, monthly or bimonthly.
2. How can you help me prepare for (and survive) tax season?
Untangling the time-sucking tedium of tax prep is often the number-one reason small businesses hire an accountant in the first place. You’ll want to ask yours which tax credits and deductions you should claim. Also ask him or her if there are any new tax laws you should take advantage of to maximize write-offs.
“Tax opportunities, such as the R&D credit, accelerated depreciation, including tax forgiveness and outright grants or refundable credits, can even be applied for as part of the tax return process,” Katz says.
He suggests that you get answers to all of your tax questions long before the tax submission deadline. To avoid the year-end rush, get your small business accountant involved in helping you gather all of the necessary accounting documents and data all throughout year.
3. What are some topics I should consult with you about on an ongoing basis?
A skilled accountant should get to know you and your business well enough to regularly keep you aware of – and swiftly and appropriately react to – an array of factors that could affect your bottom line, for better or for worse.
Your accountant should be well-versed in several disciplines, ��including but not limited to GAAP [generally accepted accounting principles], corporate and individual tax, retirement planning and financial planning,” Katz says.
He or she should also be open to assisting you in weighing the financial ramifications of certain decisions, like whether or not to hire an independent contractor or a full-time employee, buy or rent an office space, or rent or lease a company car and much more.
Your accountant should also work collaboratively with you in a way that makes it easy for you to consider and understand which actions you need to take now and in the future, ideally without the usual confusing accounting jargon. “If an entrepreneur in unable to develop that type of relationship with her small business accountant, it may be time to look for a new one,” Katz warns.
4. How can you help me grow my business?
A qualified accountant absolutely can help small-business owners expand over time, that is if they have the right groundwork in place with you, Katz says.
To grow, you must start with a financial model that is “honest and built on a granular basis from the ground up.” Remember to update your plan on a monthly basis (or ask your accountant to) with actual results. Doing so can help you hone in on opportunities for growth in your market.
5. How can you help me better manage my cash flow?
Properly projecting your business’s cash flow is as essential as creating an effective mission statement and living up to it. Tedious, detailed flow projections aren’t easy to wrangle, but that’s what you have an accountant for.
Your small business accountant should be able to help you develop an organized, effective cash flow model that allows you to adjust your operations in ways that help you survive shortfalls, as well as improve receivables and manage payables.
6. What is my break-even point?
Your small business accountant should be able to analyze a number of metrics to calculate whether your business is making a profit or a loss. Knowing your break-even point is crucial to determining your business’s pricing structure and profitability. Once your accountant helps you identify yours, you should have a strong estimate of how many products or hours of service you have to sell to cover your costs.
7. Can you assess the overall value of my business?
Your accountant should be up to the task of estimating your company’s fair market value in excess of your tangible assets. He or she should start by examining your financial plan and then execute a discounted cash flow (DCF) analysis, a common but effective valuation method.
Another way your small business accountant can help nail down your business’s value is by deeply understanding what you do and the industry in which you operate, Katz says. “In so doing, an accountant can help the entrepreneur understand which aspects of the comparable companies drive their value, and can work with the entrepreneur to steer the company toward maximizing those aspects of their business.”
8. Can you help me review and negotiate business contracts before I sign them?
This is a common question for small business accountants, one that’s probably better to ask your attorney.
“An accountant should not practice law without a license,” Katz says. “They can work collaboratively with your attorney to add color and tax to commercial issues with which the attorney may not be experienced.”
9. What are some special considerations for my particular industry?
Businesses in different industries come with their own unique accounting issues. Your accountant should be knowledgeable about the various ones that specifically apply to yours.
For instance, if you own a startup that builds wearable tech, your accountant should be well-versed at identifying tax opportunities specific to the emerging technology industry, like potential R&D, facilities and training tax credits, as well as applicable manufacturing and sales tax exemptions, etc.
10. What are some common mistakes that I should avoid when working with you?
Not being 100 percent honest with your accountant is the worst mistake you could make, Katz says. “The truth will come out, either in the planning stage or in front of the SARS auditor.”
The post 10 Questions to ask your Small Business Accountant appeared first on Out the Blocks | Small Business Accountants @ R2,750 p/m.
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10 Questions to ask your Small Business Accountant
A small business accountant can be a tremendous asset to your business. For this new found relationship to work however, two-way communication is paramount. Ask your small business accountant these 10 questions to better understand your new business partner.
In today’s business world, the relationship between accountants and their clients has changed so dramatically. Accountants play a bigger part in your business success than ever before in history. If you let them, Accountants can become an indispensable resource and partner to your business, advising on a whole range of headaches such as the overall health of your business, HR issues, taking on a new partner or better managing your cash flow. But only if you let them! We are all in search of this new generation accountant to become a perfect fit for our business…
The only way this new found relationship will reach its full potential is when you realize that you have to accept a certain level of responsibility and that you communicate your expectations in advance but also understand fully what will be expected from your business and by when.
We regularly encounter clients that expect ALL communication to come from their accountants. As with all strong and healthy relationships however communication is key and this one-way communicating relationship is doomed from the start unless the other party comes to the table. Many other clients realize the importance of this but don’t really have a frame of reference of what accounting comprises to ask the “right” questions.
So when I came across this article by KIM LACHANCE SHANDROW, it seemed like the exact type of information I had to share with our audience. In the below mentioned excerpt from the original article, Kim discusses the 10 questions every client simply has to ask when working with their small business accountant.
10 Questions to ask your Small Business Accountant
1. What’s the best way to contact you and how often should we be in touch?
This might seem like too simple a question, but clear, effective and frequent communication is the key to a healthy, beneficial relationship with your accountant. Establish early on how often you’ll connect, either in person, on the phone or online (via a video chat app like Skype, Google Hangouts or Facetime). Decide together if you’ll meet weekly, monthly or bimonthly.
2. How can you help me prepare for (and survive) tax season?
Untangling the time-sucking tedium of tax prep is often the number-one reason small businesses hire an accountant in the first place. You’ll want to ask yours which tax credits and deductions you should claim. Also ask him or her if there are any new tax laws you should take advantage of to maximize write-offs.
“Tax opportunities, such as the R&D credit, accelerated depreciation, including tax forgiveness and outright grants or refundable credits, can even be applied for as part of the tax return process,” Katz says.
He suggests that you get answers to all of your tax questions long before the tax submission deadline. To avoid the year-end rush, get your small business accountant involved in helping you gather all of the necessary accounting documents and data all throughout year.
3. What are some topics I should consult with you about on an ongoing basis?
A skilled accountant should get to know you and your business well enough to regularly keep you aware of – and swiftly and appropriately react to – an array of factors that could affect your bottom line, for better or for worse.
Your accountant should be well-versed in several disciplines, “including but not limited to GAAP [generally accepted accounting principles], corporate and individual tax, retirement planning and financial planning,” Katz says.
He or she should also be open to assisting you in weighing the financial ramifications of certain decisions, like whether or not to hire an independent contractor or a full-time employee, buy or rent an office space, or rent or lease a company car and much more.
Your accountant should also work collaboratively with you in a way that makes it easy for you to consider and understand which actions you need to take now and in the future, ideally without the usual confusing accounting jargon. “If an entrepreneur in unable to develop that type of relationship with her small business accountant, it may be time to look for a new one,” Katz warns.
4. How can you help me grow my business?
A qualified accountant absolutely can help small-business owners expand over time, that is if they have the right groundwork in place with you, Katz says.
To grow, you must start with a financial model that is “honest and built on a granular basis from the ground up.” Remember to update your plan on a monthly basis (or ask your accountant to) with actual results. Doing so can help you hone in on opportunities for growth in your market.
5. How can you help me better manage my cash flow?
Properly projecting your business’s cash flow is as essential as creating an effective mission statement and living up to it. Tedious, detailed flow projections aren’t easy to wrangle, but that’s what you have an accountant for.
Your small business accountant should be able to help you develop an organized, effective cash flow model that allows you to adjust your operations in ways that help you survive shortfalls, as well as improve receivables and manage payables.
6. What is my break-even point?
Your small business accountant should be able to analyze a number of metrics to calculate whether your business is making a profit or a loss. Knowing your break-even point is crucial to determining your business’s pricing structure and profitability. Once your accountant helps you identify yours, you should have a strong estimate of how many products or hours of service you have to sell to cover your costs.
7. Can you assess the overall value of my business?
Your accountant should be up to the task of estimating your company’s fair market value in excess of your tangible assets. He or she should start by examining your financial plan and then execute a discounted cash flow (DCF) analysis, a common but effective valuation method.
Another way your small business accountant can help nail down your business’s value is by deeply understanding what you do and the industry in which you operate, Katz says. “In so doing, an accountant can help the entrepreneur understand which aspects of the comparable companies drive their value, and can work with the entrepreneur to steer the company toward maximizing those aspects of their business.”
8. Can you help me review and negotiate business contracts before I sign them?
This is a common question for small business accountants, one that’s probably better to ask your attorney.
“An accountant should not practice law without a license,” Katz says. “They can work collaboratively with your attorney to add color and tax to commercial issues with which the attorney may not be experienced.”
9. What are some special considerations for my particular industry?
Businesses in different industries come with their own unique accounting issues. Your accountant should be knowledgeable about the various ones that specifically apply to yours.
For instance, if you own a startup that builds wearable tech, your accountant should be well-versed at identifying tax opportunities specific to the emerging technology industry, like potential R&D, facilities and training tax credits, as well as applicable manufacturing and sales tax exemptions, etc.
10. What are some common mistakes that I should avoid when working with you?
Not being 100 percent honest with your accountant is the worst mistake you could make, Katz says. “The truth will come out, either in the planning stage or in front of the SARS auditor.”
The post 10 Questions to ask your Small Business Accountant appeared first on Out the Blocks | Small Business Accountants @ R2,750 p/m.
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